>>> Europe : Brokers Upgrades & Downgrades - 4th of July 2024 V2(+)

>>> Up
* BioMerieux Raised to Buy at TP ICAP Midcap; PT 106 euros (+)
* Bunzl Raised to Buy at HSBC; PT 3,460 pence
* Ferragamo Raised to Neutral at Goldman; PT 9.10 euros
* H&M Raised to Buy at HSBC; PT 200 kronor
* OCI Raised to Buy at Jefferies
* Sartorius Stedim Raised to Outperform at Oddo BHF; PT 190 euros
* Schindler Raised to Buy at Bank Vontobel; PT 300 Swiss francs (+)

>>> Down
* Alfen Cut to Hold at ING; PT 19 euros
* Galp Cut to Neutral at JB Capital Markets; PT 21.60 euros
* Merus Power Cut to Reduce at Inderes; PT 4.50 euros
* Pandora PT Cut to 920 kroner from 1,050 kroner at RBC
* Spectris Cut to Underperform at Davy (+)
* Vestas Cut to Neutral at Grupo Santander; PT 190 kroner

>>> Initiation
* Afyren SAS Rated New Corporate at Bryan Garnier; PT 3.60 euros (+)
* Card Factory Rated New Buy at Berenberg; PT 154 pence
* Forterra Rated New Outperform at RBC; PT 210 pence
* Ibstock Rated New Outperform at RBC; PT 200 pence
* Kalmar Rated New Buy at DNB Markets; PT 35 euros
* LSE Group Rated New Neutral at Oddo BHF; PT 10,500 pence
* Torm Rated New Buy at Arctic Securities; PT 326.89 kroner (+)

>>> Call
* Deutsche Bank Strategists Favor FTSE 100 Over Other Benchmarks (+)
* Forterra, Ibstock Outperform at RBC on UK Brick Demand Recovery
* Landis+Gyr Indicated Up as SEO Buys Stake, Overhang Gone: Baader (+)
* LSE Group ‘Indispensable’ But Capex High; Oddo Initiates Neutral
* Morgan Stanley Strategists See French Stocks Gaining After Vote (+)
* OCI Upgraded to Buy at Jefferies on Improved Risk Profile
* Pandora PT to New Street-Low at RBC on Inflated Commodity Costs
* Pluxee’s Organic Growth Offset by FX Headwinds, Citi Says
* Sartorius Stedim Raised at Oddo on Likely Market Outperformance (+)
* Victrex to Suffer Consensus Downgrades as Medical Weakness Bites (+)